Bondada Engineering announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 30 December 2024.Powered by Capital Market - Live

According to the regulatory filing dated on 07 December 2024, the company stated that the fundraising decision was made during a board meeting held on the same day. The firm said that it will raise funds by a way of issuance debentures, non-convertible debt instruments, warrants, convertible debentures, and other equity-based instruments, in one or more tranches. The company will raise funds up to Rs 185 crore through various methods, including public and private offerings, preferential issues, and qualified institutional placements, subject to statutory and regulatory approvals. As part of this proposal, the board also approved the issuance of up to 31,25,448 equity shares at an issue price of Rs 591.90 per share, subject to shareholder approval and other necessary clearances. Bondada Engineering is an infrastructure company that provides engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) services to customers in the telecom and solar energy industries throughout India. On a full-year basis, the company's consolidated net profit surged 167.2% to Rs 44.73 crore on 116.1% jump in revenue from operations to Rs 800.72 crore in FY24 over FY23. Powered by Capital Market - Live

Bondada Engineering will hold a meeting of the Board of Directors of the Company on 7 December 2024Powered by Capital Market - Live

The contract involves the design, supply, installation, testing, and commissioning of smart solar street light systems with a comprehensive maintenance contract for five years, including remote monitoring capabilities. The project, to be executed on an EPC basis using existing electric poles across Bihar, is expected to be completed within 18 months from the execution of the agreement. Meanwhile, the company's board will meet on Saturday, 7 December 2024, to consider and approve the proposal to raise funds through the issuance of equity shares or other eligible securities, including debentures, non-convertible debt instruments, warrants, convertible debentures, or other equity-based instruments, in one or more tranches, via public and/or private offerings, including preferential issue, qualified institutional placement, or any other method as decided by the board. Bondada Engineering is an infrastructure company that provides engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) services, to customers in the telecom and solar energy industries throughout India.Powered by Capital Market - Live

Bondada Engineering has received a work order from Bihar Renewable Energy Development Agency for design, supply, installation, testing, commissioning with comprehensive maintenance contract for 5 years including remote monitoring systems of smart solar street light system on the identified existing electric pole under Mukhyamantri Gramin Solar Street Light Yojana in Bihar State on EPC basis, amounting to Rs. 108.90 crore. Powered by Capital Market - Live

Bondada Engineering will hold a meeting of the Board of Directors of the Company on 1 November 2024Powered by Capital Market - Live

Bondada Engineering will hold a meeting of the Board of Directors of the Company on 22 October 2024.Powered by Capital Market - Live

Bondada Engineering has received Letter of Award from Maharashtra State Power Generation Company (MAHAGENCO) for a work order entailing design, engineering, manufacture, supply, erection, testing and commissioning of Crystalline Solar PV technology Grid interactive Solar PV power plant (with dry cleaning) along with associated power evacuation arrangement & 5 years Operation & Maintenance of same location, across various districts of Maharashtra state amounting to Rs. 390.25 crore including GST. Powered by Capital Market - Live

The first contract, worth Rs. 763.16 crore, involves the design, engineering, supply, erection, testing, and commissioning of the solar PV power plant, along with three years of operation and maintenance on an EPC basis at a 33/11 kV capacity. The second contract, valued at Rs. 369.08 crore, it includes EPC contract for design, engineering and supply (except PV module), unloading of PV modules at the site supplied by MAHAGENCO, erection, testing and commissioning of Crystalline Ground mounted solar PV technology grid interactive distribution agriculture feeder solarization by solar PV power plant. The said contract includes a three-year operation and maintenance on EPC basis. Total contract value Rs 11,32,24,64,036 and it will be executed within 9 months to 1 year from the date of allotment of land. Bondada Engineering is an infrastructure company that provides engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) services to customers in the telecom and solar energy industries throughout India. The company reported a consolidated net profit of Rs 46.30 crore, steeply higher than Rs 17.13 crore in Q4 FY24 over Q4 FY23. Revenue from operations soared 116.07% to Rs 800.72 crore in Q4 FY24 as compared to Rs 370.58 crore in Q4 FY23.Powered by Capital Market - Live

Bondada Engineering has received Letter of Award from Maharashtra State Power Generation Company (MAHAGENCO) for bulk work orders valued at Rs 1132.24 crore detailed below: 1. EPC contract with the scope of design, engineering, supply, erection, testing and commissioning of Crystalline Ground mounted solar PV power plant under MSKVY 2.0 scheme including 3 years Operation & Maintenance on EPC basis at 33/11 kv across various districts of Maharashtra State amounting to Rs. 763.16 crore including GST. 2. EPC contract for design, engineering, supply (except PV module), unloading of PV modules at the site supplied by MAHAGENCO, erection, testing and commissioning of Crystalline Ground mounted solar PV technology grid interactive distribution agriculture feeder solarization by solar PV power plant under MSKVY 2.0 scheme including 3 years Operation & Maintenance on EPC basis at 33/11 kv across various districts of Maharashtra State amounting to Rs. 369.08 crore including GST.  Powered by Capital Market - Live